UK inflation eased more than expected from 3.0% in January to 2.8% in February
The Office of National Statistics (ONS) recently revealed in the latest inflation report that the UK's inflation rate dropped to 2.8% in February, compared to 3.0% in January. The February inflation slowed down more than expected by economists, including from a Reuters poll where economists predicted the inflation rate to drop to 2.9% last month. The slowdown came from a significant drop in clothing and shoes prices for the first time in over three years.
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